Guideline Value for Poompukar Nagar, 2nd Street

Poompukar Nagar, 2nd Street guideline value

The current guideline value for Poompukar Nagar, 2nd Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village under the Pammal SRO and is classified as Residential Class II Type - II.

How the guideline value of Poompukar Nagar, 2nd Street has changed

According to the register, there are no figures available for Poompukar Nagar, 2nd Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft.

There have been no changes between the revisions above. The 2024 figure is the first recorded value for this street.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft, with a median of Rs 2,090 per sq.ft. The guideline value for Poompukar Nagar, 2nd Street is below this median.

• Poompukar Nagar, 1st Street: Rs 1,980 per sq.ft (2024)
• Poombhugar Nagar (Kudusai Part): Rs 1,980 per sq.ft (2024)
• Ponni Nagar 3rd Street: Rs 1,980 per sq.ft (2024)
• PONNI NAGAR 3rd CROSS STREET: Rs 2,750 per sq.ft (2024)
• Ponni Nagar 2nd Street: Rs 1,980 per sq.ft (2024)
• Ponni Nagar 1st Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Poompukar Nagar, 2nd Street

For a 1,000 sq.ft plot at the current rate of Rs 1,980 per sq.ft, the guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. Duty is charged on the guideline value or the sale price, whichever is higher.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Poompukar Nagar, 2nd Street?

The Sub Registrar Office that covers Poompukar Nagar, 2nd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

To find your SRO, visit find your SRO.

How the guideline value is used when you buy or sell in Pammal

The guideline value is a reference point used during the registration of property transactions. It helps determine the stamp duty and registration fees that need to be paid, ensuring that these costs are based on an official valuation.

When buying or selling property, the guideline value plays a crucial role in the registration process, as it is used to calculate the applicable duties and fees. Buyers should be aware of the guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value for Poompukar Nagar, 2nd Street?

The current guideline value for Poompukar Nagar, 2nd Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

What land classification does Poompukar Nagar, 2nd Street fall under?

Poompukar Nagar, 2nd Street is classified as Residential Class II Type - II.

How many streets in Pammal have a 2024 guideline value?

There are 926 streets in Pammal under the Pammal SRO that carry a 2024 guideline value.

What is the median guideline value for streets in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft for the year 2024.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.